Big names in the shipping industry like Maersk Tankers A/S, Greek shipping magnates, and Japanese lines are collectively investing $16 billion in vessels capable of transporting ammonia. Ammonia, made by combining nitrogen with hydrogen, is considered essential for the industry's decarbonization efforts and reducing reliance on fossil fuels. The need for low-carbon ammonia as a shipping fuel has become more urgent due to increased emissions caused by longer routes to avoid conflict areas. The production of green and blue ammonia, depending on hydrogen production methods, requires significant energy input. While production forecasts are optimistic, uncertainties exist regarding the availability of low-carbon ammonia when the new ships are ready. Despite potential challenges, the shipping industry is optimistic about the role of clean ammonia in reducing emissions and strengthening the freight market. Major players like Maersk Tankers and Trafigura have orders for vessels capable of carrying ammonia, highlighting the industry's commitment to this shift. However, the industry recognizes the need for the clean ammonia trade to succeed to achieve emission reduction goals and sustain growth.